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INSIGHT-Hungary dug itself a debt hole, now it pays the piper=3

Newswire

feel the pinch as well.

"So it's true that they are taking unfortunate measures in a
period of heavy market stress, which is very much linked to the
euro zone debt crisis, leading to an amplifying effect."

Attila Mesterhazy, the president of the defeated Socialist
party, who had been its prime minister candidate at the time of its
crushing defeat in the 2010 elections, said he sensed a mood of
change, even if there still are few demonstrations of anger on the
streets of Budapest, or anywhere else in the country, and he thinks
that in part has spurred the government to return to the IMF, and
to start talking to banks about the mortgage repayment scheme.

"The government is playing now with the life of the people, in a
sense," he said. "And that's why I very much believe that the
government wants to do this change in its economic policy."